UPDATE: J.P. Morgan Initiates Coverage on LGI Homes on Multiple Positive Factors

By: Benzinga
In a report published Monday, J.P. Morgan analyst Michael Rehaut initiated coverage on LGI Homes (NASDAQ: LGIH ) with an Overweight rating and $19.00 price target. In the report, J.P. Morgan noted, “We initiate coverage of LGI Homes with an Overweight rating and a Dec. 2014 price target of $19.00.
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